The EVP & COO of Norfolk Southern (NSC) is Selling Shares

Today, the EVP & COO of Norfolk Southern (NSC), Wheeler Michael Joseph, sold shares of NSC for $138.2K.

Following Wheeler Michael Joseph’s last NSC Sell transaction on May 17, 2018, the stock climbed by 20.6%.

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Based on Norfolk Southern’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.95 billion and quarterly net profit of $700 million. In comparison, last year the company earned revenue of $2.67 billion and had a net profit of $505 million. NSC’s market cap is $47.13B and the company has a P/E ratio of 8.35. Currently, Norfolk Southern has an average volume of 466.9K.

Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $176.36, reflecting a 2.4% upside.

The insider sentiment on Norfolk Southern has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States.